Pearson, PLC (NYSE:PSO) Given Average Rating of “Moderate Buy” by Brokerages

Pearson, PLC (NYSE:PSO) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

Several research firms recently weighed in on PSO. Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen lowered Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Citigroup began coverage on Pearson in a research note on Monday, January 12th. They issued a “buy” rating on the stock. Finally, Weiss Ratings lowered Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th.

Hedge Funds Weigh In On Pearson

Institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its holdings in Pearson by 952.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after buying an additional 1,590 shares during the period. Kestra Advisory Services LLC purchased a new position in Pearson during the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its holdings in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after buying an additional 1,036 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Pearson during the fourth quarter valued at approximately $42,000. Finally, Smartleaf Asset Management LLC increased its holdings in Pearson by 31.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company’s stock valued at $110,000 after buying an additional 1,874 shares during the period. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Up 1.8%

Shares of Pearson stock opened at $14.21 on Monday. The stock’s 50-day simple moving average is $12.95 and its 200-day simple moving average is $13.43. Pearson has a 52 week low of $12.02 and a 52 week high of $16.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00.

Pearson Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.2346 per share. This represents a yield of 368.0%. The ex-dividend date is Friday, March 20th.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.